Two firms holding concessions for major highways in Brazil are asking the government for the terms to be renegotiated. Odebrecht Transport and Triunfo Participacoes e Investimentos are looking to join a new concession renegotiation scheme.
Two firms holding concessions for major highways in Brazil are asking the government for the terms to be renegotiated. 1305 Odebrecht Transport and Triunfo Participacoes e Investimentos are looking to join a new concession renegotiation scheme. This could see the deadline for road widening projects to be extended up to 14 years. The renegotiation scheme has been introduced in a bid to save concession contracts that were originally agreed from 2013 to 2014. These had originally required the road widening works to be completed within a five year schedule. However with Brazil’s political and economic problems biting hard, these new measures have been rolled out in a bid to avert further problems for the concessions. Odebrecht Transport subsidiary Rota do Oeste has responsibility for an 851km stretch of the BR-163 highway in Mato Grosso. Work to widen the route was halted in 2016 due to issues with financing. Triunfo Participacoes e Investimentos subsidiary Concebra meanwhile has the concession for a total 1,176km of the BR-060/152/262 highways and has also suffered from insufficient financing, which put its widening work on hold.
